Which of the following is not a criterion for choosing an overhead rate basis? Ease in...
Which of the following is not a criterion for choosing an overhead rate basis?
Ease in computing the rate
Availability of data regarding the base
Direct correlation between overhead costs and the base
Base applies only to final stages of production
Homework Answers
Option D
Base applies only to final stages of production
The overhead allocation base should be easy to compute easily available and there has to be some relation between overhead and the base
Add Answer to:
Which of the following is not a criterion for choosing an
overhead rate basis?
Ease in...
Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis...
Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). Its predetermined overhead rate was based on a cost formula that estimated $141,000 of manufacturing overhead for an estimated allocation base of $94,000 direct material dollars to be used in production. The company has provided the following data for the just completed year: $135,000 $ 90,000 Purchase of raw materials...
Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis...
Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). Its predetermined overhead rate was based on a cost formula that estimated $120,400 of manufacturing overhead for an estimated allocation base of $86,000 direct material dollars to be used in production. The company has provided the following data for the just completed year: Purchase of raw materials $ 138,000 Direct...
Acheson Corporation, which applies manufacturing overhead on the basis of machine hours, has provided the following...
Acheson Corporation, which applies manufacturing overhead on the basis of machine hours, has provided the following data for its most recent year of operations Estimated manufacturing overhead $ 157,050 Estimated machine-hours 4.500 Actual manufacturing overhead $ 156,000 Actual machine-hours 4,580 The estimates of the manufacturing overhead and of machine hours were made at the beginning of the you for the purpose of computing the company's predetermined overhead rate for the year. The overhead for the year was Multiple Choice $2.782...
Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). Its predetermined overhead rate was based on a cost formula that estim
Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). Its predetermined overhead rate was based on a cost formula that estimated $800,000 of manufacturing overhead for an estimated allocation base of $500,000 direct material dollars to be used in production. The company has provided the following data for the just completed year: Purchase of raw materials$510,000Direct labor cost$90,000Manufacturing overhead costs:Indirect labor$170,000Property taxes$48,000Depreciation of...
Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data...
Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead Estimated machine-hours Actual manufacturing overhead Actual machine-hours $ 158,050 4,700 $ 158,000 4,980 The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year Multiple Choice $31.73 $33,63 $33.62 $45.52
Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data...
Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead $ 157,700 Estimated machine-hours 4,630 Actual manufacturing overhead $ 157,300 Actual machine-hours 4,840 The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year. The applied manufacturing overhead for the year is closest to: (Round...
Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis...
Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). Its predetermined overhead rate was based on a cost formula that estimated $114,400 of manufacturing overhead for an estimated allocation base of $88,000 direct material dollars to be used in production. The company has provided the following data for the just completed year: Purchase of raw materials $ 131,000 Direct...
Sallie Company applies factory overhead on the basis of a rate per direct labor-hour. The company...
Sallie Company applies factory overhead on the basis of a rate per direct labor-hour. The company provides you with the following data for the month of May 20X1. Selected inventories have different have the following balances: May 1 May 31 Work in process $78,000 $85,000 Finished goods 81,000 60,000 Prime costs for the month were: Direct Material used 48,000 Direct labor (45,000 actual labor-hours) 294,000 Sales have increased 20 percent over April's net sales of $500,000; as a result, gross...
Sallie Company applies factory overhead on the basis of a rate per direct labor-hour. The company...
Sallie Company applies factory overhead on the basis of a rate per direct labor-hour. The company provides you with the following data for the month of May 20X1. Selected inventories have different have the following balances: May 1 May 31 Work in process $78,000 $85,000 Finished goods 81,000 60,000 Prime costs for the month were: Direct Material used 48,000 Direct labor (45,000 actual labor-hours) 294,000 Sales have increased 20 percent over April's net sales of $500,000; as a result, gross...
Sallie Company applies factory overhead on the basis of a rate per direct labor-hour. The company...
Sallie Company applies factory overhead on the basis of a rate per direct labor-hour. The company provides you with the following data for the month of May 20X1. Selected inventories have different have the following balances: May 1 May 31 Work in process $78,000 $85,000 Finished goods 81,000 60,000 Prime costs for the month were: Direct Material used 48,000 Direct labor (45,000 actual labor-hours) 294,000 Sales have increased 20 percent over April's net sales of $500,000; as a result, gross...
Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). Its predetermined overhead rate was based on a cost formula that estimated $141,000 of manufacturing overhead for an estimated allocation base of $94,000 direct material dollars to be used in production. The company has provided the following data for the just completed year: $135,000 $ 90,000 Purchase of raw materials...
Acheson Corporation, which applies manufacturing overhead on the basis of machine hours, has provided the following data for its most recent year of operations Estimated manufacturing overhead $ 157,050 Estimated machine-hours 4.500 Actual manufacturing overhead $ 156,000 Actual machine-hours 4,580 The estimates of the manufacturing overhead and of machine hours were made at the beginning of the you for the purpose of computing the company's predetermined overhead rate for the year. The overhead for the year was Multiple Choice $2.782...
Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead Estimated machine-hours Actual manufacturing overhead Actual machine-hours $ 158,050 4,700 $ 158,000 4,980 The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year Multiple Choice $31.73 $33,63 $33.62 $45.52
Sallie Company applies factory overhead on the basis of a rate per direct labor-hour. The company provides you with the following data for the month of May 20X1. Selected inventories have different have the following balances: May 1 May 31 Work in process $78,000 $85,000 Finished goods 81,000 60,000 Prime costs for the month were: Direct Material used 48,000 Direct labor (45,000 actual labor-hours) 294,000 Sales have increased 20 percent over April's net sales of $500,000; as a result, gross...
Sallie Company applies factory overhead on the basis of a rate per direct labor-hour. The company provides you with the following data for the month of May 20X1. Selected inventories have different have the following balances: May 1 May 31 Work in process $78,000 $85,000 Finished goods 81,000 60,000 Prime costs for the month were: Direct Material used 48,000 Direct labor (45,000 actual labor-hours) 294,000 Sales have increased 20 percent over April's net sales of $500,000; as a result, gross...
Sallie Company applies factory overhead on the basis of a rate per direct labor-hour. The company provides you with the following data for the month of May 20X1. Selected inventories have different have the following balances: May 1 May 31 Work in process $78,000 $85,000 Finished goods 81,000 60,000 Prime costs for the month were: Direct Material used 48,000 Direct labor (45,000 actual labor-hours) 294,000 Sales have increased 20 percent over April's net sales of $500,000; as a result, gross...
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